I can’t comment on the balance of LLC use, but the good idea is that someone who cannot afford large personal losses can start a business that won’t ruin them i

I can’t comment on the balance of LLC use, but the good idea is that someone who cannot afford large personal losses can start a business that won’t ruin them if it fails. Additionally, the personal tax and business paperwork is simpler than with a corporation. A bunch of the small businesses that sell at local city markets are LLCs, for example.